Fully Occupied Retail Asset! | Sylacauga, AL
Retail | 6.50% CAP | 6,123 SqFt
Marketing description
AiCRE Partners is pleased to present a fully occupied ±6,123 SF retail investment strategically positioned in the commercial core of Sylacauga, Alabama. The property is anchored by Sherwin-Williams, a nationally recognized paint retailer with an exceptional operating history at this location dating back to 1974. Their long-term presence demonstrates strong in-market performance and ongoing demand for this corridor. The asset benefits from a high-visibility, signalized corner along N Broadway Ave, one of Sylacauga's primary north-south arteries, seeing 9,000+ vehicles per day. Dual street frontage enhances accessibility and brand exposure for all tenants.
Sherwin-Williams occupies 5,523 SF, while one local service-oriented tenant contributes additional income and foot traffic. The store operates under a NN+ lease with 3.5+ years remaining with multiple renewal options extending well into the future. Sherwin-Williams maintains an investment-grade credit rating (S&P: BBB) and continues to demonstrate performance stability across its portfolio. With over 18,000 residents within a 5-mile radius, consistent employment in the local trade area, and proximity to Coosa Valley Medical Center-a major regional employer- the property is supported by steady, needs-based consumer activity. Updated demographic data show resilient household income and strong spending power in everyday retail categories surrounding the site. Priced at $297,861 with a 6.50% cap rate, 227 N Broadway offers investors an accessible entry point into a durable, credit-backed retail investment with a half-century operating history and future upside through contractual rent escalations.
Investment highlights
Long-Term, Credit-Backed Anchor - Sherwin-Williams has operated at this location for 50+ years; S&P BBB credit rating.
Stabilized Retail Asset - 100% leased: Sherwin-Williams plus one service tenant; 6,123 SF total GLA.
Attractive Price Point - $297K and $48 PSF, rarely seen for a national-credit tenant.
NN+ Lease - With minimal responsibilities. Tenant reimburses taxes & insurance; landlord limited to roof/structure, parking lot, and HVAC repairs over $1,500.00.
Strong Remaining Term - 3.5+ years left on primary term with structured increases and multiple long-term extension options.
High-Visibility Corner Location - Signalized intersection with 65' Broadway frontage and prominent dual-street exposure.
Reliable Traffic Counts - 9,000-10,000+ VPD along Broadway Ave.
Near Coosa Valley Medical Center - Walkable to this major demand driver, boosting daytime population and service demand.
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